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Joint Venture and Purchase of $1.2 Billion Condominium Project

Privately Owned Development Company
Representation of one of the largest privately owned development companies in Florida in connection with a joint venture with a private equity firm to develop a luxury high-rise condominium project in Naples, Florida. Our representation included complex tax structuring, as well as the negotiation of a joint venture agreement, a development management agreement, and a sales and marketing agreement for the development and sale of the nearly 90 condominium units in the first tower of the project.
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Experience

Representation of debtor in possession in the chapter 11 case of Cabi Downtown LLC, the owner of an 849-unit condominium project owing over $250 million to a bank consortium, defaulting unit purchasers, trade creditors, and its general contractor. The case was the first large condominium filing i...

Experience
Representation of Oleta Partners, LLC, a joint venture comprised of affiliates of the LeFrak Organization and Turnberry Associates, in the successful negotiation of the long-term ground lease and complicated leasehold financing for a 185-acre brownfields redevelopment site in the City of North Miami...
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